Prime News Kenya

Current Business News in Kenya: Banking | Economics

Kenya sets stage for first-ever green bond after approving rules

Two unnamed financial institutions have lined up to issue Kenya’s first green bond, the country’s banking sector lobby disclosed Wednesday, even as regulators approved the legal framework to issue the listed and unlisted financial instruments at the Nairobi Securities Exchange (NSE).

Profit-taking takes toll on the bourse

Profit-taking by investors in the past week has slowed down the Nairobi Securities Exchange (NSE) #ticker:NSE 2019 resurgence as punters look to lock in some of the gains enjoyed from blue chip stocks.

ARM Cement suitors get February deadline

Firms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC).

Kenya’s top 10 richest counties

Nairobi, Nakuru and Kiambu are Kenya’s top-three richest counties while Lamu, Samburu and Isiolo are the poorest, according to a new report ranking the contribution of Kenya’s 47 regions to the national annual economic output, also known as the Gross Domestic Product (GDP).

Airtel signs binding deal with Telkom Kenya to merge telcos

Telecommunication firms Airtel Kenya and Telkom Kenya on Friday said they had signed a binding agreement to merge their mobile, enterprise, and carrier services to form a single joint venture company to be named Airtel-TelkoSuccessful talks will see the two firms seek regulatory approvals from the Competition Authority of Kenya (CAK).